US President Biden signs $1.66 trillion FY 2023 government funding bill – by anilpanchal7 UnitedStates RiskAppetite FiscalPolicy NewsTrading
The news quotes the White House Statement as saying, “President Joe Biden on Thursday signed a $1.66 trillion bill funding the U.S. government for the fiscal year 2023.” Reuters also stated that the bill was passed by Congress in the last week and was recently signed by Biden while he is on vacation to the Caribbean island of St. Croix.
The 4,000-plus page bill passed the Senate on a bipartisan vote of 68-29, with the support of 18 of the 50 Senate Republicans. It passed the House of Representatives on a largely party-line vote of 225-201.The news fails to gain any major response and should favor the US Dollar, considering the higher spending and more geopolitical fears the bill is likely to produce.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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